India’s unicorn club saw five new entrants in the first half of 2019, even as investors continued to pump in more money across startups compared to previous years
India’s unicorn club saw five new entrants in the first half of 2019, even as investors continued to pump in more money across startups compared to previous years.
Delhivery, BigBasket, Druva, Dream11 and Rivigo touched the one billion dollar valuation in their latest rounds, earning the unicorn tag.
On a broader level, investors put $3.9 billion into startups across 292 deals in the first six months of 2019, a jump of over a billion dollars, when compared to $2.7 billion across 288 deals in the first half of 2018, according to data from Venture Intelligence.
The amount of investment has been trending upwards in the last couple of years, after a muted period in 2016-2017.
“It has been an upward trend. In the past week, we have seen CureFit raise an additional $45 million, Indiamart shares getting listed. Series A and Series B have done well. Seed investing has picked up again”, said Arun Natarajan, founder of Venture Intelligence.
Top investments between January- June 2019 include Delhivery, FirstCry, Grofers, Blackbuck and BigBasket. Two of these, Delhivery and BigBasket became unicorns after their latest round of funding.
SORCE- ET NEWS
